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Franklin, MI Homes for Rent

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  • 30475 Birchway Dr, Franklin, MI 48025
    30475 Birchway Dr, Franklin, MI 48025
    30475 Birchway Dr, Franklin, MI 48025
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    $2,800 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,801 Sq Ft
    • House for Rent

    30475 Birchway Dr, Franklin, MI 48025

    Beautiful three bedroom ranch in very nice neighborhood in Franklin. Freshly remodeled from the bottom to top. Open floor concept makes this home live large. kitchen white cabinets with granite countertop, all newer SS appliances. New waterproof Vinyl plank floors throughout, so no carpets to worry about. All newer windows and newer doors. newer Central air and Furnace. Large back yard with an

    Chen Young Community Choice Realty

    30475 Birchway Dr, Franklin, MI 48025
  • 24975 Franklin Park Dr, Franklin, MI 48025
    24975 Franklin Park Dr, Franklin, MI 48025
    24975 Franklin Park Dr, Franklin, MI 48025
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    $2,500 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,510 Sq Ft
    • House for Rent

    24975 Franklin Park Dr, Franklin, MI 48025

    This 3-bedroom, 1.5-bath home offers comfort, space, and convenience in a desirable neighborhood. Enjoy a bright and inviting layout with plenty of room for living and entertaining.Step outside to a beautiful, spacious backyard—perfect for relaxing, hosting gatherings, or enjoying outdoor activities.Features include:3 bedrooms with built-in closets 1.5

    24975 Franklin Park Dr, Franklin, MI 48025
  • 7381 Cathedral Dr, Bloomfield Hills, MI 48301
    7381 Cathedral Dr, Bloomfield Hills, MI 48301
    7381 Cathedral Dr, Bloomfield Hills, MI 48301
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    $4,950 Per Month

    • 4 Beds
    • 3.5 Baths
    • 2,834 Sq Ft
    • House for Rent

    7381 Cathedral Dr, Bloomfield Hills, MI 48301

    Welcome Home to this Stunning, Fully Renovated Colonial in Bloomfield Hills! This exceptional home seamlessly combines luxury finishes with a prime location. The designer kitchen features quartz countertops, stainless steel appliances, and abundant cabinetry, making it perfect for both everyday living and entertaining. The impressive primary suite offers a spacious walk-in closet and a

    Heather Poyhonen Avenue Group Homes, LLC

    7381 Cathedral Dr, Bloomfield Hills, MI 48301
  • 27153 Farmbrook Villa Dr, Southfield, MI 48034
    27153 Farmbrook Villa Dr, Southfield, MI 48034
    27153 Farmbrook Villa Dr, Southfield, MI 48034
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    $1,895 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,658 Sq Ft
    • Condo for Rent

    27153 Farmbrook Villa Dr, Southfield, MI 48034

    Great 3 bed 2.5 bath condo in quiet area on the Franklin border. Features kitchen with granite counters and all appliances, central air, washer/dryer, master bed with master bath, huge bedrooms, seclude patio, and two car carport right by the front door. Water, grounds maintenance, and snow removal included.

    Eric Oliver North Bloomfield Properties

    27153 Farmbrook Villa Dr, Southfield, MI 48034
Michigan Oakland County

Homes for Rent in Franklin, MI

Why Live in Franklin

Franklin, MI, is a quaint rural suburb in Oakland County known for its elegant homes and charming downtown area. Visitors and residents alike enjoy the seasonal Franklin Cider Mill and the Franklin Grill, housed in an 18th-century carriage shop. The downtown area features boutique stores, including Village Boutique Franklin, and hosts community activities such as block parties and a farmers market every Sunday at the gazebo. Founded in 1825, Franklin offers pastoral living with grand estates on acres of land, showcasing modern Tudor architectural styles. Homes often feature luxurious amenities like poolside patios, tennis courts and spacious yards. Franklin Village is zoned for the Birmingham Public School district, which includes highly rated schools such as West Maple Elementary, Berkshire Middle and Wylie E. Groves High School. Nearby private schools like Detroit Country Day also offer top-notch education. Beverly Hills Village Park is a local highlight, with sledding hills, tennis courts and baseball fields. The Franklin Historic District, known as "The Town That Time Forgot," offers small-town charm with local shops and rustic architecture. Main Street features quaint shops, historic buildings and the Annual Summer Block Party. Dining options include Franklin Grill and Madeleine's French Patisserie and Market, while grocery shopping is convenient with Meijer just 3 miles away. Franklin is a walkable area with sidewalks throughout, making it easy to explore the community's many attractions.

Learn more about living in Franklin

Frequently Asked Questions

How much does it cost to rent a home in Franklin, MI?
The median rent for a home in Franklin, MI is $2,650 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Franklin, MI?
To comfortably afford the median rent in Franklin, MI, a household needs to earn roughly $106,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,650 per month in Franklin, MI, renters typically need to show $7,950 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Franklin, MI?
In Franklin, MI, the price-to-rent ratio is 29.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Franklin, MI are best for renting a home?
The best neighborhood for renting in Franklin, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include West Bloomfield Township, Seven Mile-Rouge, Evergreen Lahser and Berg-Lahser, each with its own character and price range.

Rental Trends in Franklin, MI

There are currently 4 homes available for rent in Franklin, MI. The median rent is $2,650 per month, with single-family homes renting at $2,800.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$2,650
Median Single Family Home Rent
$2,800
How to Rent a Home

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